Losing Your Corporate Job Could Be The Best Thing That Ever Happened
It’s old wisdom that losing a job can turn someone’s life upside down. There’s a mortgage, car payments, kids to send to college and you just lost your income and pension. That sounds pretty bleak. But really, losing your corporate job isn’t as much of a death sentence as it used to be. In fact, […]
What’s Your Most Valuable Retirement Planning Tool?
What tools do you need to succeed in retirement planning? Savings, smart investments and a 401(K) probably come to mind. These are all great assets, especially if you have years to build them into a big financial safety net. But if you need to build savings fast, I wouldn’t call any of them your most valuable […]
How to Find the Best Financial Advisor
A financial advisor is someone who offers professional advice on how best to save, invest, and grow your money. The best financial advisors aren’t stockbrokers or accountants, but they are specialists who can help you build a financial safety net, if you find the right one. Do you Need a Financial Advisor? It is possible […]
5 Tips on Saving for Retirement at 50
Saving for retirement at 50 and feeling off track? You aren’t alone. According to the Pew Research Center, late baby boomers will only manage to replace 60% of their preretirement income with retirement savings and assets. For Gen Xers, only 50%. This is mostly thanks to the Great Recession, but there’s still a lot you […]
5 Good Reasons for Leaving a Job On Your Own Terms
Most of us have dreamed about walking away from our job at one time or another. Even if you have a great salary, great benefits and fun coworkers, your job can be a drag if you’re not passionate about it. So you always think of reasons to stay and avoid the prospect of financial crisis. […]
How to Cope With the Robots Replacing Your Job
According to Pew research, the majority of human jobs could be automated by 2065. The process has begun, and many jobs are at risk today. This isn’t just a possibility –it’s something that should worry people. The robots can replace your job and destroy your retirement planning, especially if you’re already late career. Millennials have time […]
How to Build a Contingency Plan With No Extra Money
People with comprehensive financial planning always consider contingencies. According to the National Bureau of Economic Research, there have been 10 recessions in the past 6 decades. So if you plan for contingencies like a financial crisis, you’re not cautious, you’re smart. Still, building a contingency plan can be hard, especially if you’re planning for retirement […]
How Much Savings Do You Need for Retirement?
How much do you need in your savings for retirement? It’s a big question no matter where you’re at in life. After all, if you’re in your 50’s, you’re only about 15 years from the traditional retirement age. That’s not a lot of time to save up. And according to an analysis from the Government […]
4 Benefits of Having an Alternative Place to Retire
If you’re in your 50’s or 60’s, you’re probably already wondering where you should retire. You want to be close to your kids, but what about retiring abroad? There are a lot of great reasons why people choose an alternative place to retire outside of the US. Here are 4 benefits for you and your […]
Why You Shouldn’t Trust Your Pension Plan
For many, a pension plan seems like a great way to pay for retirement. Unlike a 401K, both you and your employer contribute to a pension. Most companies will pay in between 3 and 10% of your annual salary every year. It’s recommended that your own contributions should round this up to 15% of your […]